£20m fund to invest in creative industries
Sunday 04 March 2012
Budding British fashion firms will soon be eyeing up a £20m fund that will invest in up-and-coming businesses across design, creative and media industries.
Ingenious Ventures, whose parent company has a stake in the Creamfields music festivals, said its Media Opportunities Fund will start investing from April. Among the targets are mobile commerce, fashion e-commerce operators, advanced digital marketing providers and high-end fashion designers.
Patrick Bradley, Ingenious's chief executive, said: "The [fashion] sector remains an important, vibrant asset within the UK economy. Look at the success of London Fashion Week. We want to tap into this country's raft of exciting companies."
The fund is an Enterprise Investment Scheme, so, investors are eligible for 30 per cent tax relief on investments made of up to £500,000.
Ingenious has invested £6bn in the creative industries since its launch in 1998.
- 1 PlayStation and Xbox hacked by Lizard Squad
- 2 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 4 Vagina canoe artist defends herself over ‘obscenity’ charges
- 5 The Queen’s speech 2014: Recap and Twitter reaction to Game of Thrones reference
PlayStation and Xbox hacked by Lizard Squad
Antonio Martin shooting: Black teenager may have tried to ambush patrolman, says police officer's lawyer
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
Boxing Day snowfall set to push even more bargain-hunters online for sales
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...